Thank you, Mr. Chair.
Thank you, witnesses.
A few years ago, Paul Martin took the bull by the horns and upped contribution rates in the CPP, over a huge amount of protest. I was in caucus at the time, and I know that pretty well all the other parties opposed it, but it was done. The consequence is that we now have a viable Canada Pension Plan through--the last time I looked--to 2075.
So the question I have is whether this is a time for another radical step. I'm going to direct my question to Mr. Lefebvre.
The age of entitlement was set many, many years ago when people expected to die in their seventies. Now they expect to die in their eighties, yet the age of entitlement is still 65. Is it time to visit that age of entitlement and look at some means by which that can be changed, and in an equitable manner, obviously? Those who are closest to 65 are going to be most affected, but certainly further out, the younger you are, there's an adjustment period.
Your numbers here are pretty shocking. If you ran a year change, say, through those numbers, how would these deficits look?